Notable American unicorns include SpaceX, JUUL Labs, Epic Games, and Instacart. In venture capitalism, a “unicorn” company is one that is a privately-owned (not publicly traded) start-up with a valuation of $1 billion or more. Tope Awotona grew up in Nigeria and moved to the US when he was a teenager. However, most impressively, this latest round of funding has put Calendly into what’s known as “unicorn” territory. Nigeria-born tech entrepreneur cloud scheduling platform Calendly, has raised 350 million from OpenView Venture Partners and Iconiq capital, making the Atlanta-based company valued at over 3 billion.
“Our profitable, unique, product-led growth model has led to Calendly becoming the most used, most integrated, most loved scheduling platforms for individuals and large enterprises alike,” said Awotona. What’s more, the app can also be streamlined with other apps, such as Zoom, which makes it desirable for busy professionals. In 2020, the company reportedly doubled its subscription revenue to $70 million, and as of this writing, more than 10 million people use the app each month to help schedule their meetings. OpenView Venture Partners led the round with assistance from San Francisco-based Iconiq Capital.Ĭalendly, itself, is a company that’s one of the fastest-growing in the field.
Calendly, a world-renowned cloud scheduling app whose usefulness only increased in the wake of the COVID-19 pandemic, has crossed into unicorn territory.Īccording to The Atlanta Business Journal, the app - which was founded by Tope Awotona - just raised $350 million in this latest round of funding.
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